Coty Downgraded to Sector Perform by Royal Bank Of Canada

Coty (NYSE:COTY) has received a downgrade from an 'outperform' rating to a 'sector perform' rating by Royal Bank Of Canada. This change in rating comes with a price objective of $3.00, indicating a potential downside of 1.41% from the company's current price.

In addition to this downgrade, other analysts have weighed in on the company. TD Cowen increased their price target on Coty from $2.30 to $2.90 and gave the stock a 'hold' rating. Morgan Stanley set a $2.50 price objective on shares of Coty in a research note.

Coty has seen its share price open at $3.04, with a one year low of $1.82 and a one year high of $4.93. The company's market capitalization is $2.68 billion, with a PEG ratio of 0.79 and a beta of 0.97.